Donald Trump owes an additional $87,502 in interest every day until he pays the $354 million fine in his civil fraud case, according to ABC News' calculations.

Former President Donald Trump owes an additional $87,502 in post-judgment interest every day until he pays the $354 million fine ordered by Judge Arthur Engoron in his civil fraud case, according to ABC News’ calculations based on the judge’s lengthy ruling in the case.

Judge Engoron on Friday fined Trump $354 million plus approximately $100 million in pre-judgment interest in the civil fraud case brought by New York Attorney General Letitia James, after he found that Trump and his adult sons had inflated Trump’s net worth in order to get more favorable loan terms. The former president has denied all wrongdoing and has said he will appeal.

Engoron ordered Trump to pay pre-judgment interest on each ill-gotten gain – with interest accruing based on the date of each transaction – as well as a 9% post-judgment interest rate once the court enters the judgment in the case.

  • CeruleanRuin@lemmy.worldEnglish
    73·
    9 months ago

    My entire mortgage is his fucking interest payment, but if I stop paying the fractional payments on it – which this asshole spends in a day on overcooked steaks and too-long ties – they’d take my house. Start fucking taking his stuff, goddammit.

  • Copythis@lemmy.world
    701·
    9 months ago

    $10k would entirely change my life. That’s it, that’s all I’d need.

    I could pay off my debt, then I’d be able to afford a roof over my head.

    • Asafum@feddit.nl
      701·
      9 months ago

      Fucking seriously… There is so much money in these asshats hands that he’s dealing with daily interest that amounts to 1.5x my YEARLY income…

      • nxdefiant@startrek.website
        51·
        9 months ago

        the highest salary I’ve ever seen on a tech job posting was 900K, offered by Netflix for a networking god.

        Even that guy would be broke by lunch on day 11.

        A person so singularly gifted that one of the highest paying companies on the planet had to offer that just to find them, and this fucking bag of sewer gas has that in his coat he hasn’t worn since the 80’s. Really makes it easy to justify hating these absolute parasites that contribute nothing and own everything.

        • KevonLooney@lemm.ee
          18·
          9 months ago

          this fucking bag of sewer gas has that in his coat he hasn’t worn since the 80’s

          Uh, he probably doesn’t have it in cash. He doesn’t have the total amount he owes ($450 million). He might actually need to declare personal bankruptcy to delay payment.

          That’s the funniest thing about the GoFundMe set up for him. It’s probably just a scam, but even if they send it to him it’s nowhere near enough. Every day it goes up it just covers the interest owed for that day!

        • uis@lemm.ee
          5·
          9 months ago

          I’ve seen 1M job posting by STMicroelectronics for ASIC god.

      • Copythis@lemmy.world
        10·
        9 months ago

        I make plenty of money, but the dumb decisions in my past among other things made it so it’s always going to debt, but I can’t climb out of it because of interest, and now that I’ve lost my home (staying with in laws now), my wife spends insane money on door dash, and I can’t get it through her head how expensive and unhealthy it is, and if she really wants fast food, I can go get it. I will literally cook an entire meal, plate it, then hear the doorbell for door dash.

        It’s so frustrating and it feels never ending.

        • medgremlin@midwest.social
          19·
          9 months ago

          That needs to be a serious sit-down conversation. I’d advise against making it about her health because that’s more likely to put her on the defensive and ignore everything else. You could print out a credit card statement to show her how much it’s costing you and what that money could be going towards. Also, it would be worth pointing out how much of the door dash bill is going to tips and delivery fees. I think the issue a lot of people have with door dash is the lack of sticker shock. You don’t notice the impact of a bunch of smaller purchases anywhere near as much as a single big purchase.

  • Pretzilla@lemmy.world
    62·
    9 months ago

    This could really hurt his other legal cases. Lawyers will be less enthused to represent him if he might go bankrupt on them and not pay the bill.

    And they will be more likely to demand retainer at onset. One recently demanded $3M retainer before starting.

    • normanwall@lemmy.world
      33·
      9 months ago

      Unfortunately, there are always more lawyers stupid enough to work for him and assume they’ll get paid. I think the quality on average just gradually goes down.

    • IamSparticles@lemmy.zipEnglish
      21·
      9 months ago

      His lawyers have already been quitting left and right. His lead counsel in the E. Jean Carroll defamation case withdrew in January, leaving Alina Habba, who has very little trial experience, to handle the damages portion of the case. Her inexperience got her in a lot of trouble with the judge. She kept violating basic trial etiquette and trying to argue facts of the case that had already been established (remember, Trump had already been found liable and they were just supposed to be arguing the amount of harm to establish damages).

    • CileTheSane@lemmy.ca
      10·
      9 months ago

      Lawyers will be less enthused to represent him if he might go bankrupt on them and not pay the bill.

      He wasn’t going to pay them anyway.

    • gregorum@lemm.eeEnglish
      59·
      9 months ago

      This is a civil trial. He won’t go to jail, they’ll just start seizing his assets.

      • carl_dungeon@lemmy.worldEnglish
        481·
        9 months ago

        I’ll take that too. Looking forward to seizures. Concerned it’ll just never happen :/

        Alex Jones still hasn’t paid shit.

        • HopeOfTheGunblade@kbin.social
          28·
          9 months ago

          I’m pretty sure that’s still advancing. Last I heard the families who won against him were moving towards seizing his assets.

        • gregorum@lemm.eeEnglish
          10·
          9 months ago

          He’s played this weird shell game with his assets and claimed poverty through complex bankruptcy litigations. It’s far from what’s going on with Trump.

          And while Jones may have delayed his fate, he’s still not gonna get away with that shit. Those cases are progressing, we just aren’t hearing a lot about it in the news. 

          • Riven@lemmy.dbzer0.com
            5·
            9 months ago

            Yea he did one of the things you never do (unless you’re Trump), fuck with judges. He started hiding his shit after the judge told him to pay up. They’re out for blood.

            • gregorum@lemm.eeEnglish
              3·
              9 months ago

              oh, he was shuffling his assets around long before the judges told him to stop because he knew what was coming.

      • NotMyOldRedditName@lemmy.world
        21·
        9 months ago

        Seize building

        Search building

        Find more classified documents

        I bet you could even strategically seize ones you suspected might have compromising things?

        • tryptaminev 🇵🇸 🇺🇦 🇪🇺@feddit.de
          61·
          9 months ago

          Seizing assets in a civil case is not the same as searching with a warrant and it must not be conflated. Evidence must only be obtained in a lawful manner with the appropriate warrants. Now if something pops up by chance while seizing his assets that’s nice. But the instrument shouldn’t be misused for that.

          • FuglyDuck@lemmy.worldEnglish
            7·
            9 months ago

            If the property changes ownership (aka seized by NY,) the new owners could authorize a search and it would be completely lawful.

            As far as selection of which properties, targeting specific properties may be a bit sus, but i doubt there’s anything opposing it. They have to decide somehow.

  • ripcord@lemmy.world
    44·
    9 months ago

    That’s only $32M per year, seems like not much of a penalty compared to what he’s not paying.

    • The Snark Urge@lemmy.worldEnglish
      46·
      9 months ago

      A life-ruining amount of daily interest for a normal person is even a blip for a fake, likely broke billionaire.

      • RGB3x3@lemmy.worldEnglish
        21·
        9 months ago

        Until he goes to jail, that interest and that fine isn’t going to matter to him. He can just ride it out until he’s dead.

        They need to give him a maximum of 4 months to pay it off or he goes to prison.

        Maybe he’ll get Epstiened in there and we can be rid of him for good.

        • CileTheSane@lemmy.ca
          15·
          9 months ago

          They need to give him a maximum of 4 months to pay it off or he goes to prison.

          No, they need to just start seizing assets immediately once the deadline is reached.

          • gregorum@lemm.eeEnglish
            2·
            9 months ago

            Letitia James has made it absolutely clear that is precisely what she will be doing. 

        • The Snark Urge@lemmy.worldEnglish
          101·
          9 months ago

          So that he could use not just his life, but also his death to irrevocably harm our democratic norms? Nah, let him hie in hospice while some nurse treats him like the tiresome burden he always has been

          • InternetUser2012@midwest.social
            4·
            9 months ago

            I just hope the dementia holds off so he knows and understands how much he’s suffering. It’s still going to be nothing compared to the suffering this piece of shit has caused so many others.

      • IamSparticles@lemmy.zipEnglish
        15·
        9 months ago

        He’s not broke, but he’s also not as wealthy as he claims. The wealth he does have is all tied up in real estate assets, which again aren’t worth as much as he likes to claim. That’s what this whole case was about.

        • Schadrach@lemmy.sdf.org
          14·
          9 months ago

          That’s what this whole case was about.

          I’m still confused on this one. So he claimed his real estate was worth more than it actually was to try to get better loan terms, the bank never bothered to look at the property at all (normally they have someone assess assets like that or other things that don’t have a clear fixed value), they gave him the loan, he repaid it and both he and the bank were both happy with the result? Who was defrauded, then?

          • Riven@lemmy.dbzer0.com
            7·
            9 months ago

            I barely grasp it too but I believe what you stated is half of the issue. The other half is that he claimed to the irs that the same building was worth significantly less in order to pay less taxes. Ergo he lied to both the bank and the government.

            Also I’m not actually sure if he finished paying the bank, even if he had a perfect payment record so far if he decided to stop paying and they had to sell the building they wouldn’t necessarily get all of the loan money back because the building isn’t worth what they loaned him based on his false claims, assuming I explained it in a way that makes sense.

          • bradorsomething@ttrpg.network
            3·
            9 months ago

            The fraud is the act, whether or not it was successful. It’s not just a crime when he fails, the bank doesn’t have the assets they were promised, and the government has to bail them out.

          • stinerman [Ohio]@midwest.socialEnglish
            2·
            9 months ago

            The more confusing thing is that the bank just took his word for it. When I got my mortgage refinanced in 2021 they didn’t simply ask me what I thought my house was worth. They made me pay for someone to come look at it and take pictures of it.

          • ChickenBoo@lemmy.jnks.xyz
            2·
            9 months ago

            The crime was against the state of New York who has an interest in people believing New York has a free and fair financial market and that fraud is not tolerated.

            The bank WAS also harmed. They were taking a bigger risk than they were being paid for. They would have asked for MORE interest if he’d been honest.

          • IamSparticles@lemmy.zipEnglish
            1·
            9 months ago

            So he claimed his real estate was worth more than it actually was to try to get better loan terms,

            Yes, and that’s illegal whether anyone was actually hurt or not. Because it could potentially cause a lot of harm to both the banks and the government that would have to step in if the banks can’t cover the potential losses. That then gets passed on to the tax payers. And it’s not like he just did it once and said he was sorry. He did it repeatedly for decades, and shows no indication that he intends to stop doing it in the future unless someone holds him accountable.

            We don’t give people speeding tickets because we think they ran over a pedestrian 5 miles back. We do it to try and get them to stop before that happens.

  • GiddyGap@lemm.ee
    462·
    9 months ago

    Does anyone actually believe he’s going to pay any of this? I highly doubt it.

    • kent_eh@lemmy.caEnglish
      27·
      9 months ago

      If he doesn’t, the state has the authority to sell off his assets to recoup the money.

      He might not have much cash, but New York real estate isn’t cheap.

      • scoobford@lemmy.zip
        14·
        9 months ago

        It’s still being drug out. He’s lost the case, but tried to hide his assets so that he could declare bankruptcy without actually being bankrupt. The current legal fight is basically to show that he’s being a greedy cunt and to force him to sell the assets he has tried to hide.

        They have him dead to rights though. He can drag it out, maybe even for several more years, but they will get their pound of flesh.

    • Phoenixz@lemmy.ca
      18·
      9 months ago

      That’s fine. He has a lot of properties tha they can -and will- take. He can still appeal, but that might make it even worse, and in the mean time interest is running.

      • GiddyGap@lemm.ee
        9·
        9 months ago

        If there’s one thing I’ve learned about Trump over the past decade, it is that he always finds a way to weasel out and somehow manage to get millions of conservative votes in the process.

  • Dkarma@lemmy.world
    40·
    9 months ago

    I can’t imagine 87k per day.

    Can I get this in a better metric like number of trump jumps per mooch?

  • robocall@lemmy.world
    35·
    9 months ago

    Don’t worry guys. His supporters will give him money. I hope anyone with trumpy parents is cool with not getting any inheritance.

    • Bizzle@lemmy.worldEnglish
      31·
      9 months ago

      His fundraising has kind of fallen off, I understand the donations aren’t keeping up with all this money going out. It’s hysterical honestly, dude is prob going to die a pauper and ruin his entire legacy which honestly he deserves after what he did to this country.

  • dangblingus@lemmy.dbzer0.com
    19·
    9 months ago

    I wonder if this will just be another OJ Simpson situation where he owes money but fucks around paying it and the courts never enforce the ruling.

    • Rentlar@lemmy.ca
      20·
      9 months ago

      That’s $87 000 per day that’s not being spent on campaign advertising and RNC activities, so it may be effectively stopping him get elected in a sense.

      • AnAngryAlpaca@feddit.de
        41·
        9 months ago

        It would be worth more than that to people who want to get him elected, and he probably has friends in russia who are willing to spend much more than that on campaign advertising on his behalf.

    • kent_eh@lemmy.caEnglish
      3·
      9 months ago

      Nope.

      In a well ordered world it should, but apparently he can even run if he’s in prison…

    • CableMonster@lemmy.ml
      23·
      9 months ago

      How do you think it plays out if they are successful in their attempts to get trump not to be able to run for election?

        • CableMonster@lemmy.ml
          13·
          9 months ago

          Only big business likes Haley. Do you not think the MAGA people wont get angry and could rightly say the election has been tampered with?

            • Iamdanno@lemmynsfw.comEnglish
              2·
              9 months ago

              In many (most/all?) places, you are not allowed to vote for anyone except the people listed on the ballot. Writing in their own choice would be disqualifying their own vote, so I hope millions of them do it.

              • kent_eh@lemmy.caEnglish
                2·
                9 months ago

                In some races in some parts of the USA, there is a legal option to write in a candidate’s name and have it be counted.

                Typically those tend to be fringe candidates, or protest names like Mickey Mouse, but it is permitted.

            • CableMonster@lemmy.ml
              14·
              9 months ago

              But then he will still lose, and they will rightly feel that the election was tampered with. Do you think they will just accept that?

      • fraksken@infosec.pub
        2·
        9 months ago

        What are you talking about. This is a due justice process, with a sentencing. I was just curious if such a sentencing would prevent taking public office.

        • CableMonster@lemmy.ml
          12·
          9 months ago

          Its due process in an unjust way. Do you think that all of these cases just happen to pop up when he was running for president? Its using the government to attack a political rival.